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RESOLUTION 68-7 AUTHORIZING THE EXCHANGE OF PROPERTIES BETWEEN THE CITY AND ALICE E. HUNTER WHICH INVOLVES PROPERTY ON THE NORTH SIDE OF FIRST STREET, EAST OF BRISTOL STREET, RESULTING IN A CASH CONSIDERATION DUE TO ALICE E. HUNTER WHEREAS, ALICE E. HUNTER has executed a deed dated December 12, 1967, conveying to the City of Santa Aha real property at the north- east corner of First and Bristol Streets with a cash consideration of $36,450.00 in exchange for which the City will convey to said ALICE E. HUNTER other real property which has been declared surplus and is contiguous to the real property being conveyed to the City, which property has a cash value of $10,135.00; the sale of this property was authorized by the City Council on November 20, 1967; and WHEREAS, the City of Santa Ana has agreed to pay to ALICE E. HUNTER the difference in equity of the interests in real property being exchanged hereby in the amount of $26,315.00; and WHEREAS, said transaction is to be handled through Escrow Number 55407-C with Security Title Insurance Company, Santa Ana, California. NOW, THEREFORE, BE IT RESOLVED: That the City of Santa Ana accepts said deed from ALICE E.HUNTER granting to the City of Santa Ana the following described property: The real property in the City of Santa Ana, County of Orange, State of California, described as: Parcel 1: The South 40.00 feet of Lots 23 and 25 in Block A of the Bessonett Tract, as shown on a map thereof recorded in Book 24, Page 73, of Miscellaneous Records of Los Angeles County, California. Parcel 2: The East 10.00 feet of the West 20.00 feet of Lot 25 in Block A of the Bessonett Tract, as shown on a map thereof recorded in Book 24, Page 73, of Miscellaneous Records of Los Angeles County, California. EXCEPT the South 40.00 feet. Parcel 3: A spandrel shaped parcel bounded Northeasterly by the arc of a curve concave Northeasterly having a radius of 25.00 feet being tangent to the Northerly line of Parcel 1 and the Easterly line of Parcel 2 hereinbefore described, and bounded southerly by the Northerly line of said Parcel 1 and bounded Westerly by the Easterly line of said Parcel 2. Parcel 4: An easement for underground storm drain purposes over those portions of Lots 23 and 25 in Block A of the Bessonett Tract, as shown on a map recorded in Book 24, Page 73, of Miscellaneous Records of Los Angeles County, California, more particularly described as follows: Commencing at the southwest corner of said Lot 25; thence North 40.00 feet along the West line of said Lot 25; thence East 20.00 feet to the true point of beginning, said point being on a line parallel with and 50.00 feet East, measured at right angles from the center line of Bristol Street; thence North 23.77 feet along said parallel line; thence South 57~ 37' 35" East a distance of 25.28 feet to a tangent curve concave Southwesterly having a radius of 17.67 feet; thence Southeasterly along said curve through a central angle of 39~ 15' 12", an arc distance of 12.11 feet to a non-tangent line; thence South 89° 44' 35" East a distance of 21.57 feet; thence South 0° 15' 25" West a distance of one foot; thence North 89° 44' 35" West a distance of 50.22 feet to the true poing of beginning. EXCEPTING therefrom that portion previously dedicated for street purposes; -1-